Overview
What is Masonic Brotherhood Foundation Inc?
The Masonic Brotherhood Foundation Inc, situated in New York, NY, serves as a charitable organization. Its primary purpose is to collect and allocate funds to a range of initiatives. The foundation supports various causes through these contributions, ensuring that their resources are effectively distributed. The Masonic Brotherhood Foundation's mission is centered around this mission of receiving and dispersing contributions, contributing to the betterment of numerous programs and communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
The Masonic Brotherhood Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating is based entirely on their Accountability & Finance metrics for the most recent fiscal year, FY2023. The foundation exhibits strong governance with 100% of its board members being independent, which enhances its credibility and transparency.
The organization shows excellent financial management, as indicated by a very low liabilities to assets ratio of 2.44%, and it allocates 100% of its expenses to program activities. Additionally, it has robust policies in place, including a conflict of interest policy and a whistleblower policy, both of which are pivotal for maintaining organizational integrity and accountability.
While the foundation scores well in all measured areas, the overall score is solely reliant on financial metrics, which means a broader evaluation of impact or effectiveness in program delivery is not reflected. Stakeholders might benefit from more comprehensive insights into the outcomes of the foundation's initiatives beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Brotherhood Foundation Inc legitimate?
Masonic Brotherhood Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Brotherhood Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Masonic Brotherhood Foundation Inc?
The Masonic Brotherhood Foundation's mission, in essence, involves receiving and distributing contributions to various programs. This philanthropic organization aims to allocate funds to various designated causes, contributing to various initiatives. The exact nature of these programs and causes is not specified in the provided information.
Who is the CEO of Masonic Brotherhood Foundation Inc?
Stephen King is the Director of Masonic Brotherhood Foundation Inc.
What is the revenue of Masonic Brotherhood Foundation Inc?
Masonic Brotherhood Foundation Inc's revenue in 2022 was $1,677,227.
Who are the executives of Masonic Brotherhood Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Masonic Brotherhood Foundation Inc?
Masonic Brotherhood Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Masonic Brotherhood Foundation Inc
The Masonic Brotherhood Foundation is a dedicated organization that serves a unique purpose. Its mission, in essence, revolves around receiving and distributing contributions to a variety of programs. This philanthropic entity is committed to channeling funds towards numerous designated causes, ensuring that these initiatives receive the necessary support they require to thrive. By fulfilling this mission, the Masonic Brotherhood Foundation plays a vital role in contributing to the betterment of various sectors and communities.
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Impact
October, 2024
Masonic Brotherhood Foundation Inc plays a significant role in supporting various charitable programs through its mission to receive and distribute contributions. Positioned in New York, NY, the organization focuses on enhancing community well-being by allocating resources to designated causes. This collective initiative fosters mutual benefit among members and the broader community, ensuring that assistance reaches those in need. The foundation's commitment to fraternal values and voluntary cooperation strengthens social ties, promoting a culture of giving and support that resonates within and beyond its membership. Through these efforts, Masonic Brotherhood Foundation Inc contributes to meaningful change, ultimately improving the lives of individuals and communities alike.
This information is meant to be a general summary of Masonic Brotherhood Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,145,804
- Gross Receipts: $3,964,944
Assets and Liabilities:
- Total Assets: $18,740,230
- Total Liabilities: $320,705
- Net Assets: $18,419,525
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Organization Details
Founding Year
1972
Phone
(212) 741-4500Principal Officer
Stephen King
Main Address
71 WEST 23RD STREET, NEW YORK, NY, 10010
NTEE Category
Code: Y40Z - Mutual benefit
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